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| Above, Sensoji in Asakusa, Tokyo. Photo by Armand Vaquer. |
The strong dollar is impacting Japanese and European travel, according to an article posted at Travelpulse.com.
They wrote:
As new first quarter figures come into the Japan National Tourist Office in New York, it appears to be the strongest March in a decade. The dollar has emerged as a powerhouse against the Yen as it has gone in just a few months’ time from being able to purchase 78 Yen to what it purchases today—102 Yen. Inside Japan, it is being speculated that it could hit 120—a 20 percent increase in purchasing power.
The dollar is also on the rise against the Euro. Thanks to the Yen’s descent beginning in late 2012, the number of visitors to Japan has risen 18 percent in the first three months of 2013 to 2.3 million. The Japanese government has set an ambitious goal of attracting 25 million visitors by 2020.To read the full article, go here.
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